CapitaLand India Trust (CLINT) has commissioned a 21-megawatt (MW) captive solar plant in Tamil Nadu, India, the trust’s first.
The plant will generate over 30 million kilowatt-hours (kWh) of electricity annually and meet the power supply needs of 2 million sq ft equivalent of office space.
The power generated from the plant will be utilised mainly for the common areas of CLINT’s assets in Tamil Nadu. With this, CLINT will see its green energy usage increase by over 70%. The trust’s carbon emissions are also expected to be reduced by over 17,000 tonnes. Furthermore, CLINT’s need to purchase power will be reduced. The facility has an 8 MW expansion potential to bring the solar plant’s total size to 29 MW.
“The solar power plant in Tamil Nadu is testament to our increasing adoption of renewable energy. This is central to CLINT’s decarbonisation strategy and in line with our sponsor CapitaLand Investment’s (CLI) commitment to achieve Net Zero carbon emissions for scope 1 and 2 by 2050,” says Sanjeev Dasgupta, CEO of CLINT.
“We will continue to actively source green energy to power our portfolio and seek innovations to enhance our sustainability performance throughout our assets’ real estate life cycle, from investment to design, development and operations,” he adds.
Vinamra Srivastava, CLI’s chief sustainability and sustainable investments officer said that CLINT is “piloting various technologies sourced from around the world and will remain nimble in adapting [its] decarbonisation solutions across different markets to create a sustainable built environment.”
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In 2022, 26 of CLI’s properties in seven countries and 10 business parks in India were powered by renewable energy.
As at 9.22am, units in CLINT are trading 1 cent higher or 0.92% up at $1.10
